Fee Mechanics and Revenue Allocations
Last updated
Last updated
The primary revenue stream to start will be the fees generated from minting and redemptions. The UP protocol has multiple treasuries which will all be under multisig for safety of funds and to protect against any hacking exploits of a singular wallet through private key fishing attempts and the like. Here is a list of treasuries and purpose (treasury msig addresses will be provided)
Backing of all $UP in $BUSD
Price determined from the amount of $BUSD in this treasury
UP team funds
Marketing funds
Other Expenses
Dev Expenses, etc
Protocol $UP token investments
All funds to allocate to oNFT rewards contract
Protocol owned Funds allocated for investments as in the purchase of warbots
Outgoing investments
Treasury where revenue will be held, sent to and distributed from
Incoming profit and yield from investments
10% sent to oNFT treasury monthly
$UP tokens minted and rewarde distributed to staking contract for disbursement
Portion sent back to investment treasury for additional investments and compounding
$UP Token purchases from revenue streams
0.4% (10%) to oNFT Treasury
Transferred to replenish rewards staking contract monthly
1.6% to Backing Treasury
1% to Investment Treasury
As funds build up they will be allocated to different investment strategies and yield/profits distributed back
1% to Protocol Treasury
.5% (10%) to oNFT Treasury
Transferred to replenish rewards staking contract monthly
2% to Backing Treasury
1.25% to Investment Treasury
1.25% to Protocol Treasury
Fees are variable and subject to change given supply and market conditions but will never be above the 5%